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What Are Layer 0, 1, 2 & 3 In Crypto? Why Crypto Has Layers
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What is blockchain technology?
Why are there crypto layers?
What are the cryptocurrency layers: layer 0, layer 1, layer 2 and layer 3?
What is the crypto trilemma - decentralisation, security and scalability?
What are the infrastructure/hardware layer, data layer, network layer, consensus layer, and application and presentation layer?
That is what I cover in this video.
It has never been more important to educate yourself financially.
Contact me here or via e-mail if you are interested in working with me:
If you are interested in getting specific crypto tax advice based on your personal circumstances from a leading crypto tax company, please find below a direct link to enquire with Myna.
Use my name and YouTube channel as who referred you, so they know you have come from here:
Create your free automated crypto tax account with Koinly here:
Check out my previous video on the different crypto consensus mechanisms or proofs here e.g. Proof of Work, Proof of Stake...
Chapters:
0:00 - Intro
1:01 - Blockchain Technology & Crypto Trilemma
2:19 - Layer 0 - Infrastructure Layer
4:15 - Layer 1 - The Base Layer
6:26 - Layer 2 - Scaling Solutions
7:47 - Layer 3 - Application Layer
9:05 - Overview & Summary of Cryptocurrency Layers
11:36 - IMF Statement, February 2024
Disclaimer:
The information contained in this video is for informational purposes only. Nothing shall be construed as financial advice. The content is solely the opinions of the speaker who is not a licensed financial advisor. The speaker does not guarantee any particular outcome. This is to confirm that I am not liable for any third-party services or interactions that you enter. Links included in this description may be affiliate links, for which I will receive a commission if you decided to purchase a service or product through that company.
#crypto
#blockchain
#decentralized
#cryptoeducation
Why are there crypto layers?
What are the cryptocurrency layers: layer 0, layer 1, layer 2 and layer 3?
What is the crypto trilemma - decentralisation, security and scalability?
What are the infrastructure/hardware layer, data layer, network layer, consensus layer, and application and presentation layer?
That is what I cover in this video.
It has never been more important to educate yourself financially.
Contact me here or via e-mail if you are interested in working with me:
If you are interested in getting specific crypto tax advice based on your personal circumstances from a leading crypto tax company, please find below a direct link to enquire with Myna.
Use my name and YouTube channel as who referred you, so they know you have come from here:
Create your free automated crypto tax account with Koinly here:
Check out my previous video on the different crypto consensus mechanisms or proofs here e.g. Proof of Work, Proof of Stake...
Chapters:
0:00 - Intro
1:01 - Blockchain Technology & Crypto Trilemma
2:19 - Layer 0 - Infrastructure Layer
4:15 - Layer 1 - The Base Layer
6:26 - Layer 2 - Scaling Solutions
7:47 - Layer 3 - Application Layer
9:05 - Overview & Summary of Cryptocurrency Layers
11:36 - IMF Statement, February 2024
Disclaimer:
The information contained in this video is for informational purposes only. Nothing shall be construed as financial advice. The content is solely the opinions of the speaker who is not a licensed financial advisor. The speaker does not guarantee any particular outcome. This is to confirm that I am not liable for any third-party services or interactions that you enter. Links included in this description may be affiliate links, for which I will receive a commission if you decided to purchase a service or product through that company.
#crypto
#blockchain
#decentralized
#cryptoeducation
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